Author: Alert team

Disaster Alert February 25, 2021 Source: USA Today Additional Resources: KATV ABC 7 (Arkansas Homeowners See Burst Pipes and Flooded Homes from Winter Season) KFOR NBC 4 (Hundreds of Oklahomans Working to Clean Water Damage from Burst Pipes) WMBF (‘We Need Some Help:’ Flooding in Bucksport Community Forces Residents Out of Their Homes)   Arkansas – Jacksonville (Pulaski...

Investor Update February 25, 2021 Source: FHFA Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real...

Investor Update February 25, 2021 Source: Freddie Mac On February 10, 2021, Freddie Mac published Guide Bulletin 2021-6 which described changes to temporary Servicing guidance related to forbearance and Payment Deferrals for Borrowers who are experiencing a COVID-19 hardship. With this Bulletin, we are announcing updates to that temporary guidance. All...

Industry Update February 25, 2021 Source: ATTOM Data Solutions Number of Zombie Foreclosures Drops Another 12 percent in First Quarter of 2021; Percentage of Foreclosure Properties Sitting Empty Stays the Same; Zombie Foreclosures Now Represent Just One of Every 14,800 Residential Properties in U.S. IRVINE, Calif. – Feb. 25, 2021...

FEMA Alert February 24, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in Oklahoma affected by severe winter storms that took place February 8-20, 2021. The following counties have been approved for assistance: Public Assistance Statewide (77 Counties) Individual Assistance Canadian Carter Cherokee Comanche Cotton Hughes Jefferson ...

Investor Update February 23, 2021 Source: HUD Today, FHA is announcing the availability of the pre-recorded webinar that discusses in more detail the various policies outlined in Mortgagee Letter (ML) 2021-05, Extensions of Single Family Foreclosure and Eviction Moratorium, Start Date of COVID-19 Initial Forbearance, and Home Equity Conversion Mortgage (HECM)...

Investor Update February 23, 2021 Source: VA VALERI Downtime – The application will be unavailable on Thursday, February 25, 2021, from 9:00 to 11:59 p.m. EST for maintenance. Users must log out of the system by 8:45 p.m. EST. Circular 26-21-4 – Approving Forbearance Requests for Veterans Affected by COVID-19, was issued...

FEMA Alert Update February 25, 2021 FEMA issued an update to a Presidential Major Disaster Declaration for areas in Texas affected by severe winter storms beginning on February 11, 2021 and continuing. The following counties have been approved for assistance: Individual Assistance Atascosa Bandera Brooks Duval Eastland Ector ...

Investor Update February 22, 2021 Source: HUD Foreclosure protections in place for homeowners in Presidentially Declared Major Disaster Areas   WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers...

FEMA Alert February 18, 2021 FEMA issued an Emergency Declaration for areas in Louisiana affected by a severe winter storm beginning on February 11, 2021 and continuing. FEMA is authorized to identify, mobilize, and provide at its discretion, equipment and resources necessary to alleviate the impacts of...